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Search Results 0 to 7 of about 8 (some duplicates have been removed)
a new plan to eliminate the debt ceiling, claiming the gop is exploiting the issue for political gain. doug mckelway is live in washington with more on the democratic plan and the road ahead. hi, doug. >> reporter: hi, jenna. this democratic plan in a nutshell would basically do away with the statute that calls for the debt ceiling in the first place, allowing spending in effect to go up and up and up without the artificial cap that the debt ceiling is indeed. democrats are explaining this in a press conference right now as we speak, so we'll be learning a lot more about it as the day progresses. republicans obviously deeply opposed to this thing, fearful that democrats will indeed use it to allow spending to go up and up. here is senator john barrasso speaking on fox news this morning. >> we have a spending problem in this country. people all across the country know it. they know it in wyoming. families have to balance their budget every year. many states do. we do in wyoming. it is time for the senate and the house and the president to get serious about limiting our spending and spe
in the politics of that. he has fights around the debt ceiling coming up and to make this the issue, how do you think that will work? >> that's why i wonder how serious he is. i'm not questioning his motives. now he knows for the next two months all we're going to be talking about is the debt ceiling, sequestration, the continuing resolution, ending the fiscal cliff, all of these. >> you're not questioning his motives of what he's suggesting. he'd rather have a conversation about guns than the debt ceiling? >> i think the president is trying to get political support from his base, maybe he feels it strengthens him going into negotiations with the republicans or the fiscal issues. listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she
its top credit rating. the debt ceiling is still causing ago any. according to the fed's latest snapshot, some businesses are saying, we're not going to hire. >>> our fourth story out front. the american hostages in algeria. defense secretary, leon panetta, today, quick to call it a terrorist attack as he is traveling in europe. the interior minister says they are angry for the french offensive in mali. they attacked an oil field killing two and seizing a number of hostages. we have been working this story throughout the day. the exact number of u.s. hostages is unclear perhaps as few as three americans are being held. earlier in the day, we had heard it would be as many as seven. it is unclear if the number is wrong or some were able to escape. what are the latest reports there on the hostage situation? >> reporter: as you said, erin, we are still hearing conflicting reports about the number of hostages still being held. we are seeking confirmation from the british prime minister's office as to whether one of those hostages they have claimed to have killed was, indeed, british.
dive on policy, whether it be gun control, immigration reform, the debt ceiling debate. tomorrow's broad scene. his senior advisor will talk about bringing the country together. republicans are saying the early signals they've seen from the president at the start of the second term suggest pretty much more of the same. take a listen. >> he's going to talk about our political system doesn't require us to resolve all our disputes our political differences but it does require us to seek common ground. he will make that point very strongly, that people here in washington need to seek common ground. >> i was surprised this week to see him transition his campaign committee into an ongoing campaign style effort to have an impact on the washington debate because it doesn't seem to me that the lessons of the first term would be that that worked out very well. >> now, interesting. the vice-president, joe biden, was sworn in several hours before the president over at his official residence. we're told that's because he was sworn in by justice sonia sotomayor. she needed to get to a book sig
and file about a short-term extension of the nation's debt ceiling. it might be brief, authorization the nation's borrowing authority for a couple of months at the republican retreat in williamsburg, virginia right now. the house budget committee chairman, paul ryan says it might offer a better chance of getting the democratic-controlled senate and white house involved in talks without a deal by march. drastic spending cuts could kick in and the government could face a possible shutdown. there seems to be kate a little movement on that. we'll see how far it goes. >> when they all get back. >>> a key part of every u.s. president's swearing in is of course the bible that he has placed, that he places his hand on when placing the oath of office. cnn's lisa sylvester had a pretty rare look and was able to actually look and touch the bible. >> touched it yourself. >> i've got to say, this was a pretty cool assignment. >> it's very unique and a really neat part of the inauguration. >> this is something that i learned. the library of congress actually has 1,500 bibles in i
to that solution, that idea, you could -- you would find that we could work out the debt ceiling. we could put all this drama and theater aside. but anyone who thinks we don't ever need to balance our budget, i think has disqualified themselves from a discussion here. >> we will certainly continue that discussion even though we didn't talk about it that much this morning, moving forward. i think you and i certainly on that issue probably agree much on just about everything. thank you so much, jim demint. we greatly appreciate you being here. >> thanks, joe. >> i've got to say, tom, it is fascinating to me, disturbing, but fascinating how it's hard to find a senator that says, you know what? i love my job. i feel like i'm really accomplishing something. i get such depressing reports from inside the senate. and i know you do, too. >> i do. almost every senator i talk to just is enormously frustrated. a lot of them like demint are leaving. olympia snowe left because she felt she couldn't get anything done. she'll be replaced by angus king, an independent from maine. when she was leaving i thought to
Search Results 0 to 7 of about 8 (some duplicates have been removed)